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Would you do a tenant screening that just includes credit report, but not criminal background? Was looking a big 3 credit bureau that offers this (credit check but no criminal background).
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I have a question for you. In the example: $200K purchase price, 20% ($40K) down. Say I get a private lender to loan me the $40K for a down payment for the mortgage. how would a loan officer take this....?
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First question: I'm a newbie investor--never done a deal in my life. I'm considering getting my real estate license to get access to the MLS. Seems like most people on the board say it is always good to get your licen...
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I'm a newly licensed agent in Tennessee, working solely in new construction.My builder/principal broker is concerned with being liable/responsible for the 2 rental properties that I own, live in, and manage myself. In...
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Imagine this: A BiggerPockets Tee-Shirt! How cool would that be?In response to requests from some of the members out there, BiggerPockets is contemplating offering some clothing, like t-shirts, polos, etc through ou...
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Hey BP,I have a potential deal in Southfield, MI that i would like to wholesale and i am a bit unsure on how i should structure my contract for purchasing this property. Seller Wants: $5kTaxes Owed: $16KARV: $53,000Re...
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Hello fellow entrepreneurs!I have been out of the real estate bus for about 6 years and am back now. While researching non-performing notes I read about this site and WHAT a find! I very much look forward to learnin...
Here's another tip for working with hard money lenders. Anticipate the need for some money at closing. Don’t expect to be able to wrap all of the closing costs and fees into the loan. Even with a good LTV ratio, the l...
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I know a lot of my friends use agents who can offer some credit/rebate at closings (for house value over $800k). For example, for a house value around $900k, the buyers would be able to get rebate of 1% of the value f...
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Hello Biggerpockets,I am writing to you today as a special education teacher that has been working with kids, and adults with severe disabilities for the past 8 years. I love the impact I make for my students, but I h...